Is Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc Legit?

Quick charity verification for Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc (EIN: 116036928)

Verdict: Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc appears trustworthy

90/100Mission Score

$3.8MRevenue

$1Assets

2Red Flags

4Strengths

Red Flags

Consistently reported $1 in assets, which could indicate a lack of reserves for long-term stability or unexpected events.
NTEE Code is unknown, limiting understanding of its specific charitable sector and comparative analysis.

Strengths

Extremely high program spending efficiency, with expenses consistently close to revenue (e.g., $3,732,726 expenses vs. $3,784,481 revenue in 2023).
0% officer compensation reported across all filings, indicating excellent financial stewardship and focus on mission.
Consistent filing of IRS Form 990s over a decade, demonstrating good transparency.
Significant revenue generation, ranging from $1.1 million to $7.7 million annually, indicating strong donor support.

Spending Breakdown

How Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc allocates its funds across programs, administration, and fundraising.

95%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc

Is Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc (EIN: 116036928) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.

Is Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc a good charity to donate to?

Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc has a Mission Score of 90/100. Revenue: $3.8M. Assets: $1. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc?

The Employer Identification Number (EIN) for Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc is 116036928. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc spend its money?

Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc allocates 95% to programs, 3% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc's tax-exempt status?

You can verify Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc's tax-exempt status using EIN 116036928 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Sandra Atlas Bass And Edythe And Sol G Atlas Fund Inc. demonstrates a consistent pattern of distributing nearly all of its revenue as expenses, indicating a strong commitment to its programmatic activities. For instance, in 2023, the organization reported $3,784,481 in revenue against $3,732,726 in expenses, a difference of only $51,755. This trend is visible across multiple years, such as in 2022 where revenue was $5,701,980 and expenses were $5,678,890. The organization's asset base consistently remains at $1 across recent filings, suggesting it operates on a pass-through model, distributing funds rather than accumulating significant reserves. This approach, while efficient in direct spending, could raise questions about long-term financial stability or capacity for unexpected challenges if not supported by a robust funding pipeline.

The organization's spending efficiency appears high given the minimal difference between revenue and expenses. The consistent reporting of 0% officer compensation across all available filings is a significant positive indicator of financial stewardship and a focus on mission over executive pay. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories within the provided data, a precise assessment of spending efficiency across these specific areas is limited. The consistent $1 asset value and fluctuating liabilities (e.g., $64,013 in 2023, $115,768 in 2022) suggest a lean operational structure.

Transparency is generally good given the consistent filing of IRS Form 990s over a decade. The clear reporting of revenue, expenses, assets, liabilities, and officer compensation provides a foundational understanding of its financial operations. The absence of reported officer compensation enhances trust. However, the lack of an NTEE code and detailed expense breakdowns in the provided data limits a deeper analysis of its specific programmatic focus and operational efficiency. Further transparency regarding the nature of its programs and the allocation of its expenses would provide a more complete picture for potential donors or stakeholders.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.